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BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 18 DECEMBER 2018 Tracking Market

18DECEMBER 2018

Commodity News Close

AbsChange

GOLD

3163

77

SILVER

38169

115

CRUDE OIL

3602

-88

NATURAL GAS

253.2

-22.9

COPPER

438.8

-2.9

NICKEL

784.2

-6.7

LEAD

138.25

-2.05

ZINC

184.6

1.2

ALUMINIUM

138.75

1.15

$ / Re.

71.54

-0.35

Light Sweet Crude Oil

49.65

-1.55

Gold $ / OZ-

1249.90

7.60

Silver $ / OZ-

14.74

0.11

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Energy Oil prices fall 1 percent amid supply glut worries Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Bullions Gold prices steady in run-up to Fed meeting Gold prices were largely steady on Tuesday ahead of a U.S. Federal Reserve meeting that starts later in the day, with investors looking for clues on the central bank?s outlook for next year. Currency Dollar falters as markets expect cautious outlook from Fed The dollar on Monday dropped from an 18-month high reached the previous session, ahead of the Federal Reserve?s policy meeting this week that will likely result in a U.S. interest rate hike but a more cautious tone on the economy next year. Base Metals London copper steadies as low stocks support London copper traded sideways on Tuesday, as concerns that global trade ructions would cool China?s economic growth were offset by a drop in stocks held on exchange. Agri Commodity Less than 1 lakh bales cotton procured The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of 170 kg) of cotton in the current season till December 10 as compared to 3.9 lakh bales purchased in the previous season.

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BULLIONS WEEKLY TECHNICAL LEVELS

PIVOT TABLES SCRIP

S2

S1

R1

R2

STRATEGY

GOLD

31318

31475

31725

31820

BUY ON DIPS

SILVER

37790

37980

38280

38395

BUY ON DIPS

CRUDE OIL

3482

3542

3696

3790

BUY ON DIPS

NG

241.70

247.50

263.40

273.80

BUY ON DIPS

COPPER

431.10

434.95

441.75

444.65

SELL ON RISE

NICKEL

777.0

780.60

790.30

796.50

BUY ON DIPS

LEAD

135.85

137.05

140.05

141.75

SELL ON RISE

ZINC

181.35

182.95

185.90

187.35

SELL ON RISE

ALUMINIUM

135.85

137.30

139.65

140.60

BUY ON DIPS

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BULLIONS WEEKLY TECHNICAL LEVELS

CALL OF THE DAY GOLD: HOURLY CHART

BUY GOLD ABOVE 31660 TGT 31810, SL BELOW31510

Call @ +91-9039089381

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BULLIONS WEEKLY TECHNICAL LEVELS

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